B2Gold (BTG) EBITDA (2012 - 2026)
B2Gold (BTG) reported EBITDA of $715.4 million for Q3 2026, up 63.5% from $437.53 million a year earlier and up 78.7% from the prior quarter.
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Analysis
B2Gold (BTG) EBITDA (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, B2Gold's EBITDA came in at $1.89 billion, up 130.9% year-over-year; for FY2025, it was $941.43 million.
- EBITDA has a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- By year, EBITDA came in at -$615.74 million in FY2024, -$74.97 million in FY2023, $118.55 million in FY2022 (-64.6%) and $334.7 million in FY2021 (-55.5%).
- The Q3 2026 figure ranks as the highest quarterly EBITDA in data going back to Q2 2012.
- Year over year, EBITDA has now increased in each of the last four quarters, with growth averaging 286.1% over the last five quarters.
- The high point for year-over-year EBITDA in five years was Q4 2025 (growth of 963.8%); the low point was Q3 2022 (a decline of 55.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $400.42 million (Q2 2026), $406.49 million (Q1 2026) and $367.14 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 2.26 Bn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 3.05 Bn |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 1.65 Bn |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 775.90 Mn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 2.46 Bn |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 2.87 Bn |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 3.33 Bn |
| 10 | B2Gold | 7.09 Bn | 5.69 Bn | 365.95 Mn | 715.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 715.40 Mn |
| Jun 30, 2026 | 400.42 Mn |
| Mar 31, 2026 | 406.49 Mn |
| Dec 31, 2025 | 367.14 Mn |
| Sep 30, 2025 | 437.53 Mn |
| Jun 30, 2025 | 226.81 Mn |
| Mar 31, 2025 | 119.28 Mn |
| Dec 31, 2024 | 34.51 Mn |
| Sep 30, 2024 | -650.23 Mn |
| Jun 30, 2024 | -64.20 Mn |
| Mar 31, 2024 | 64.18 Mn |
| Dec 31, 2023 | -144.17 Mn |
| Sep 30, 2023 | -74.05 Mn |
| Jun 30, 2023 | 64.48 Mn |
| Mar 31, 2023 | 78.76 Mn |
| Dec 31, 2022 | 615.81 Mn |
| Sep 30, 2022 | 148.73 Mn |
| Jun 30, 2022 | 15.94 Mn |
| Mar 31, 2022 | 40.84 Mn |
| Dec 31, 2021 | 616.29 Mn |
API Access
B2Gold EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "BTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();